Harbor Point developer Beatty Development Group LLC has a stake in the stalled Fells Point Recreation Pier redevelopment, but development partner J. Joseph Clarke says there isn’t much progress to report.

It’s been 10 years since plans first emerged for a hotel on the site of the historic pier, which is a centerpiece of Fells Point’s historic waterfront district. The city in 2010 sold the pier for $2 million to a group backed by H&S Properties; Clarke, the husband of City Councilwoman Mary Pat Clarke was retained as a partner.

Clarke said in an interview that he was informed in December that Beatty had purchased the H&S Properties stake in the pier, where a 132-room hotel is planned. But as Clarke has said before, financing is still not secured for the project.

“Lenders are very leery of lodging and the loan-to-value they were willing to offer until fairly recently was prohibitively high,” Clarke said. “But it’s getting better.”

Asked whether prospects for financing the project have improved since Beatty joined the project, Clarke said they had.

“One of the things that’s impressive about Michael Beatty is the range he has in his knowledge of finance,” Clarke said.

Even so, progress on the pier is yet to emerge, even as two major Fells Point projects — the renovation and expansion of Broadway Market and a retail and apartment building project in the 600 block of Broadway — are set for completion next year.

The first part of the pier project would include rebuilding the pier and its bulkheads. But that won’t happen until financing is in place, Clarke said.